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Financial Aid

FAQ - Loans (Federal Student)

  • How do I get a federal student loan?
    • Complete the following steps to obtain a Federal Direct student loan for the upcoming academic year:
      1. Complete your .ÌýYou will automatically be considered for Federal loans if you filed the FAFSA.
      2. Receive your °ÄÃÅÁùºÏ²ÊÀúÊ·¼Ç¼ Financial Aid Award Letter listing your federal student loan eligibility (You will be notified via your °ÄÃÅÁùºÏ²ÊÀúÊ·¼Ç¼ email and STARS).
      3. If you are a first-time student loan borrower or if this is your first student loan at °ÄÃÅÁùºÏ²ÊÀúÊ·¼Ç¼ you will need to complete 1)  and 2) your
      4. Register for classes (minimum 6 credit hours to be eligible).
      5. Your financial aid will be disbursed half each semester to your °ÄÃÅÁùºÏ²ÊÀúÊ·¼Ç¼ bill when school begins.
      6. Borrow only the financial aid you need to cover your educational-related expenses. Note that you may cancel or reduce the amount of the loan any time that you desire by contacting our office through phone, email, or walk-in.
  • What are the annual federal student loan limits?
    • See StudentAid.gov's FAQ to see an updated list of .Ìý
  • What is the total (aggregate) amount of federal student loans you can borrow?
    • See StudentAid.gov's FAQ to see an updated list of  . You can review your own federal student loan history using .
  • What is an additional unsubsidized loan?
    • independent students may borrow additional unsubsidized loan amounts. Dependent students whose parents cannot borrow PLUS (parent) loan may also qualify for an additional amount.
  • What is the difference between subsidized and unsubsidized student loans?
    • Subsidized loans do not accrue interest charges while the student is enrolled at least half-time (6 credit hours) - instead, interest will begin to accrue after the student graduates or drops below half-time enrollment. Eligibility for subsidized loans is need-based and is determined by FAFSA information and other aid received.
    • Unsubsdized loans do accrue interest while in school, which the student is not responsible for paying until they enter repayment. However, in-school interest payments are recommended to help reduce a student’s overall debt burden - if you would like to arrange for in-school interest payments, contact your .Ìý